Focus Partners Wealth Has $9.89 Million Position in SharkNinja, Inc. (NYSE:SN)

Focus Partners Wealth reduced its holdings in SharkNinja, Inc. (NYSE:SN) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,595 shares of the company’s stock after selling 426 shares during the period. Focus Partners Wealth’s holdings in SharkNinja were worth $9,891,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Cannell & Spears LLC bought a new position in SharkNinja during the 4th quarter worth approximately $18,125,000. Janney Montgomery Scott LLC raised its holdings in shares of SharkNinja by 112.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company’s stock valued at $1,066,000 after purchasing an additional 5,790 shares during the last quarter. FMR LLC lifted its position in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company’s stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SharkNinja in the fourth quarter worth $37,187,000. Finally, Mawer Investment Management Ltd. lifted its position in shares of SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company’s stock worth $28,702,000 after purchasing an additional 10,413 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

NYSE:SN opened at $98.86 on Tuesday. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The company has a market cap of $13.87 billion, a P/E ratio of 31.79, a P/E/G ratio of 2.35 and a beta of 1.68. The firm’s fifty day moving average price is $81.98 and its two-hundred day moving average price is $95.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $1.06 earnings per share. SharkNinja’s revenue was up 14.7% compared to the same quarter last year. Equities analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Guggenheim lowered their target price on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $121.50.

SharkNinja Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.